Tawarruq Potential Risks: The Practices of Islamic Financial Institutions in Qatar

Submitted by Anonymous (not verified) on Thu, 08/22/2019 - 16:08
Year
2016
Country
Bangladesh
Language
English
Abstract

An argument is made that instead of mitigating risks as claimed, switching from classical and real structured Islamic financial products to a cash-based instruments (Tawarruq) by Islamic Financial Institutions (IFIs) has exposed them to a serious complexity of risks. Namely, reputational, credit, legal and compliance risks are associated with Tawarruq. In order to analysis this hypothesis in details, authors take Qatar Islamic Banks’ practices as a basis of their study.

URL
http://ibtra.com/pdf/journal/v12_n4_article2.pdf
English
ISSN/ISBN
2070-4658
No. of Pages
54-88
Number
4
Volume
12
Select type of work
Articles
Name of the Journal
Journal of Islamic Economics, Banking and Finance
Affiliations
Hamad Bin Khalifa University, Doha, Qatar
Hamad Bin Khalifa University, Doha, Qatar
Author(s)
Kahf, Monzer
Habbani, Elhadi Idris
CIS Program Old
Islamic Finance
References
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KFH eyes MENA markets and securitisation (interview)
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Consumer finance key to progress in the UK
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Meaning, method and social science: a realist account
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Waqf, perpetual charity and poverty alleviation
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Badr-Forte capitalises on oil boom
Fees and demand the key to sustainability
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A note on the implications of mudarabah for capital budgeting decisions
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CIS publications
No
CIS Thesis
No